China’s Ni Laterite Imports of 4.32 mln t in December
22/01/20 | Nickel
Shanghai Nonferrous Metals News SMM: China imported 4.32 mln t of nickel laterite in December 2019. Of this figure imports from Indonesia were 2.47 mln t, down 26% m-o-m but up 101% y-o-y. China’s nickel laterite imports from Indonesia have been rising rapidly, with the monthly amount climbing by 100%…
SMM: China December NPI Output at 47.6 kt
10/01/20 | Nickel
Shanghai Nonferrous Metals News China produced 47.6 kt of NPI (in Ni metal) in December 2019, down 10.36% m-o-m but up 14.91% y-o-y. Several large NPI smelters reduced their operations in December, momentum likely to extend through to January 2020. New shipments of nickel laterite were sparse one month prior…
China Imports 5.99 mln t of Ni Laterite in November
26/12/19 | Nickel
Shanghai Nonferrous Metals News SMM: China imported 5.99 mln t of nickel laterite in November 2019, down 858.9 kt or 12.5% m-o-m but up 84.1% y-o-y. Of the total, 3.34 mln t was imported from Indonesia, down 7.4% m-o-m, and up 178.37% y-o-y. China’s monthly nickel laterite imports from…
Indonesian’s 2020 NPI Output to Rise to 530 kt
24/12/19 | Nickel
Shanghai Nonferrous Metals News Despite several NPI development projects underway in Indonesia, most lack a clear commencement date. Indonesian’s NPI output growth in 2020 is expected to come from Indonesian Tsingshan and Virtue Dragon (Delong). Indonesia’s NPI output is expected to increase to 530 kt (in Ni metal) in…
2020 Import Tariffs on Aa and NPI Unchanged
Alu New According to China’s ‘2020 Regulations on Tariffs of Imports/Exports’, China’s annual MFN (most favored nation) import tariff rates and provisional import tariff rates on alumina and NPI will remain unchanged from 2019. Starting 1st January 2020, a 5% MFN tariff and 0% provisional tariff rate will be levied…
Domestic Ni Prices Continue to Fall
16/12/19 | Nickel
China Nonferrous Metals News Domestic nickel prices continue to fall in December, with increased nickel laterite stocks at smelters and ample NPI supply in the short term. Nickel prices and transactions have been in decline as a result of weak demand, in conjunction with well-stocked downstream stainless steel producers.…
Jinchuan WP Sells 2.2 mln t of Ni Laterite in 2019
25/11/19 | Nickel
China Nonferrous Metals News 19th November: Jinchuan WP has exported 39 shipments totaling 2.2 mln t of nickel laterite, completing its annual sales target 40 days ahead of schedule. Jinchuan WP’s nickel laterite mines officially started operation in November 2017. in 2018 and 2019, Jinchuan WP received 2.2 mln t…
China’s NPI Production in Decline
14/11/19 | Nickel
Shanghai Nonferrous Metals News China’s NPI output dropped by 0.64% on-month but was up by 30.34% on-year to 52.4 kt (in Ni metal) during October. Most domestic NPI producers continued to operate as normal during October driven by relatively high margins. However, the overall monthly output dropped slightly as a…
Beihai Chengde Settles Ni Laterite Deal with the Philippines CNC
11/11/19 | Nickel
Shanghai Nonferrous Metals News Guangxi Beihai Chengde and Carrascal Nickel Corporation of the Philippines (CNC) signed an agreement for nickel laterite procurement in 2020. By this move Beihai Chengde has been able to secure stable supply from the Philippines. Beihai Chengde, a stainless steel producer with 3 mtpy capacity, chiefly…
